BUSINESS DAY TV: New vehicle sales dropped in 2016, but the NAASA is bullish about 2017
Nico Vermeulen is director at the National Automobile Association of SA (Naamsa). BUSINESS DAY TV: An ugly set of figures for new vehicle sales in December caps a third year of declining volumes with Naamsa describing 2016 as an extremely difficult year for our automotive industry, particularly at dealer level. Joining me in the studio now is Naamsa Director Nico Vermeulen. Nico ... I’m sure it would have been optimistic to expect a slightly better performance in December, but did you expect as much as a 15.3% decline in vehicle sales? NICO VERMEULEN: Generally, the sales in December came in lower than expectations and it is worrying because we had hoped that there might be some marginal improvement year on year. That wasn’t to be the case and 15.3% down year on year is quite significant. BDTV: And it’s pretty much across the board isn’t it, so it’s not just passenger vehicles but it’s also commercial vehicles and that must be quite worrying? NV: Absolutely, all sectors were down do...
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